05 Financial performance Financial statements Note 6 INVESTMENTS (in € thousands) December 31, 2023 Additions/ increases Disposals/ decreases December 31, 2024 Shares in subsidiaries and affiliates (note 20) 9,287,446 78,481 (195,550) 9,170,377 Loans and advances to subsidiaries and affiliates (note 7) 221,241 103,385 - 324,626 Other loans (note 7) 1,869,615 1,019,168 (3,436) 2,885,347 Other equity interests 13,417 90,960 (89,368) 15,009 Total cost 11,391,719 1,291,994 (288,354) 12,395,359 Shares in subsidiaries and affiliates(1) (note 20) (109,667) - 80,010 (29,657) Other loans (note 7) - - - Impairment (109,667) - 80,010 (29,657) TOTAL 11,282,052 1,291,994 (208,344) 12,365,702 Note 7 MATURITIES OF LOANS AND RECEIVABLES (in € thousands) Due within one year Due in more than one year Cost Impairment Net NON-CURRENT ASSETS (NOTE 6) Loans and advances to subsidiaries and affiliates (note 20) 324,626 - 324,626 - 324,626 Other loans 2,270,781 614,566 2,885,347 - 2,885,347 CURRENT ASSETS Receivables 1,247,045 - 1,247,045 - 1,247,045 TOTAL AT DECEMBER 31, 2024 3,842,452 614,566 4,457,018 - 4,457,018 Note 8 BONDS 8.1 Convertible bonds (in € thousands) December 31, 2024 December 31, 2023 CONVERTIBLE BONDS (NOTE 11) - - 2017-2022 convertible bond issue - - 2018-2023 convertible bond issue - - TOTAL - - (in € thousands) Cost Amortization Net DERIVATIVE INSTRUMENTS (ASSETS) Conversion risk hedges (options) – 2018-2023 bonds 42,905 (42,905) - Currency derivatives 250 (92) 158 TOTAL AT DECEMBER 31, 2024 43,155 (42,997) 158 449 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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